According to Michaël van de Poppe (@CryptoMichNL), the recent appreciation of the Chinese Renminbi is positively correlated with Ethereum (ETH) price movements. The analysis notes that after a standard correction, ETH is poised for another upward leg, indicating strong bullish momentum for Q3 2025. This correlation suggests that traders should closely monitor macroeconomic trends in China, as a strengthening Renminbi often leads to increased capital flows into digital assets like ETH. The outlook is particularly relevant for those seeking opportunities in both spot and derivatives markets, as capital inflows from Asia could drive significant price action (Source: Michaël van de Poppe on Twitter, June 2, 2025).